BlackRock CEO: The probability of the Federal Reserve cutting interest rates four to five times this year is zero, and interest rates may rise

ChainCatcher news, BlackRock CEO Larry Fink stated, "The market's 20% drop in three days has impacted clients and could trigger a chain reaction. In the long run, this is more of a buying opportunity than a selling opportunity. There are concerns that the U.S. as a nation is not a stabilizing factor; we are currently undermining stability, and there are worries that actions from the White House could exacerbate inflation more than the market expects. The probability of the Federal Reserve cutting rates four to five times this year is zero, and interest rates may rise."